pull down to refresh

How many sats would you hold on non custodial lightning channels?
156 sats \ 4 comments \ @cleaningup12 16 Dec bitcoin_beginners
I had an issue yesterday with Zeus wallet.
All my fault by the way...
I'd been doing some housekeeping with passwords and somehow reset or messed up the password lock to entry screen
So without thinking and admittedly without having enough experience, I uninstalled the app and reinstalled it
Thinking that would clear the password lock.....
Which it did. But it also force closed the Ln channels
Slight panic ensued and after a few minutes, the sats reappeared onchain queued in a tx
The force close channels are still pending closure, after which they'll revert to onchain.
So with so much discussion around custodial lsp's vs non custodial
Quite a few plebs over on nostr were saying they wouldn't keep a 'significant' amount of sats on Ln
What is significant to you?
Do you feel like sats held non custodially on Ln are secure?
Posting this in Bitcoin beginners which I assume includes lightning beginners
write
preview
related posts
36 sats \ 1 reply \ @DarthCoin 16 Dec
On LN you should keep only the amount you are going to spend in the next short period. LN is SPENDING, not holding.
For example: if you know you are going to spend in the next 1-3 months around roughly around 5M sats, buying stuff you need, then keep a max 5M in your channels (or spread in multiple wallets). Once these channels are drained, fill them up again.
Do you feel like sats held non custodially on Ln are secure?
Yes because I know what am I doing :)
For avoiding future disaster cases, I would recommend you to read this advanced guide about Zeus https://darth-coin.github.io/wallets/zeus-node-advanced-usage-en.html
reply
0 sats \ 0 replies \ @cleaningup12 OP 16 Dec
Have them on my homescreen dc
reply
15 sats \ 0 replies \ @Skipper 16 Dec
What is significant to you?
Very subjective. Personally i keep 1M to 3M sats on LN at all times. I can't really think of a case i would need more than that.
reply
15 sats \ 0 replies \ @PictureRoom 16 Dec
Hmm, I would treat the lightning wallet as any other wallet. What's comfortable to you to hold cash wise? For me, anything over 100 bucks.
reply